Yamaha Motor : Notifications regarding Dividends from Surplus
February 11, 2015 at 11:54 pm EST
Share
Yamaha Motor hereby announces that at the Board of Directors meeting on February 12, 2015, the Company has determined to make payments of dividends from surplus with a record date of December 31, 2014, and will be placed on the agenda of the 80th Ordinary General Meeting of Shareholders, scheduled for March 26, 2015.
1. Content
Amount Determined
Previous Dividend Forecast(announced November 6, 2014)
Results for Previous Fiscal Year(Year ended December 31, 2013)
Record Date
December 31, 2014
(as on left)
December 31, 2013
Cash Dividends
per Share
25.50 yen
20.50 yen
16.00 yen
Total Dividend Payment
8,905 billion yen
-
5.586 billion yen
Effective Date
March 27, 2015
-
March 26, 2014
Dividend Source
Earned Surplus
-
Earned Surplus
2. Reason
Recognizing that shareholders' interests represent one of the Company's highest management priorities, the Company has been striving to meet shareholder expectations by working to maximize its corporate value through a diversity of business operations worldwide. The Company aims to maintain a balance between proactive investment for growth, and returns to shareholders and the repayment of borrowings, and provide dividends that reflect comprehensive consideration of the business environment, including trends in business performance and retained earnings, while maintaining a minimum payout ratio of 20% of consolidated net income.
Based on the Consolidated Business Results for Fiscal Year Ended December 31, 2014 released today, and a payout ratio (consolidated) of 20%, the final dividend was determined at 25.50 yen per share, and in combination with an interim dividend of 14.50 yen, the yearly dividend will be 40 yen per share. This is an increase of 14 yen from the previous (yearly) term.
(Reference) Breakdown of the yearly dividend
Cash Dividends per Share (yen)
Record Date
Dividend Payment at End of Second Quarter
Dividend Payment at End of Fourth Quarter
Yearly
Results for Current Fiscal Year and Plans
14.50 yen
25.50 yen
40.00 yen
Result of the Previous Term (year ended December 2013)
Yamaha Motor Co., Ltd. specializes in the construction and marketing of motorcycles, all terrain vehicles and boats. The group also develops engine manufacturing activity. Net sales break down by family of products as follows:
- sale of motorcycles (65.3%): 4.8 million units sold in 2022. Yamaha Motor Co., Ltd. also offers all-terrain vehicles, off-road recreational vehicles, snowmobiles and electric bicycles;
- manufacturing of marine motor equipment and watercraft (23%): ooutboard engines, jet skis, fishing boats, utility boats, etc. ;
- sale of industrial machines and robots (5.2%);
- provision of financial services (2.8%);
- other (3.7%): primarily golf carts, snow blowers, generators and multi-purpose engines and automobile engines and components.
Net sales are distributed geographically as follows: Japan (7.3%), Asia (40.1%), North America (25.3%), Europe (13.9%) and other (13.4%).